Alphabet Soars, S&P Hits Another Record | Closing Bell

Summary

The episode covers the final trading day of April with the S&P 500 and Nasdaq hitting record highs. Major earnings reports from Alphabet, Qualcomm, Apple, and others drive market moves, with highlights on Qualcomm's data center growth and Teradyne's rebound after an upgrade. After-hours earnings from Rivian, Roku, Roblox, and Atlassian are also discussed.

• S&P 500 and Nasdaq close at record highs, with the S&P up 10% in April.
• Alphabet surges 10% on strong cloud and AI demand, showing return on spending.
• Qualcomm jumps 15% after earnings, citing data center progress and China recovery.
• Teradyne rebounds 12% after J.P. Morgan upgrade following a 19% drop.
• Apple edges up ahead of its earnings report, with focus on margins and management transition.
• Rivian reports lighter-than-expected production and cash, shares dip slightly.
• Roku, Roblox, and Atlassian report after the close, with mixed reactions in after-hours trading.
• Broad market breadth positive with 380 S&P 500 names advancing.